The Politics of Envy: Why Young People Think Socialism is the Answer

Why are more and more young people becoming socialist, even though socialism would make everything worse?

It’s an interesting question to think about, because the answer unravels most of the problems the West is facing today.

And the answer is actually quite simple.

Socialism is rising because ‘capitalism’ no longer provides a pathway of upwards mobility for average people.

And that’s because capitalism doesn’t exist anymore either - it’s been replaced by cronyism.

If working hard at school, getting a good university degree, and then working your way up the corporate ladder no longer leads to any tangible reward, why would anyone pursue this path?

More pertinently, why would they believe in following this path?

Eventually, they look around and reflect.

Why did I study so hard?

Why does it feel like every day I’m working harder yet going backwards?

Why have groceries basically doubled in five years yet my salary has gone nowhere?

Why can I not even afford to buy a dirty dogbox in Sydney unless I have rich parents?

‘Stuff it, I’m out’.

That’s the point we are at now.

And when you reach that ‘stuff it’ stage, most people get angry.

They no longer think rationally.

They no longer even care to think rationally.

They don’t want to understand and solve the macro problem - instead, they want personal retribution.

Retribution for a lie told to them for years, about how the world works.

That they’re supposed to succeed if they work hard.

Instead, they’re staring at a world where the people who do the least amount of work get rewarded the most.

Those with all the capital keep making more money, and the pathways for everyone else to accrue any capital at all are closing quickly.

It’s now socialism for property owners - or really anyone that owns large amounts of assets - and capitalism for everyone else.

Why TF would anyone just starting out in their career want capitalism if this is how it’s defined?

Capitalism is supposed to allocate capital to productive enterprises through the free flow of information and actions through free markets, with the reward justifying the risk and effort required to succeed.

It’s not supposed to allocate capital through government intervention - yet that’s exactly the system we now have.

The government takes half your money through taxes and piles it all into demand-side policies that juice the housing market.

Who owns all the assets?

They do.

This is not capitalism anymore.

It hasn’t been since the Global Financial Crisis in 2008, but really this all started when the US came off the Gold Standard in 1971.

How can anyone take this current system seriously when old people living in multi-million dollar houses are receiving pensions, whilst the young people who subsidise them are in their 30s still renting sharehouses with strangers and not having kids?

It’s a disgrace.

The entire system is a disgusting disgrace.

No one is blaming old people per se for this, but this is what is happening right now.

The future of our society is dying - people aren’t having kids because of financial and cultural reasons - whilst the elderly are living it up subsidised by the people struggling.

I ask a simple question:

Who do we want to prioritise?

Those who will die soon, or those who have their entire lives to live ,and can give birth to even more life?

It’s a simple moral question, yet it never gets framed this way.

It always gets turned into an argument of ‘you hate boomers!’

I don’t hate boomers, retard, I hate that people don’t understand the tradeoffs of allowing the boomers their financial hedonism during their twilight years.

The boomers response to this is always ‘we worked hard for what we have!’

My response to this is: ‘you may have worked hard, but you received disproportionate reward for your effort, and it’s at the expense of your own bloodline, which you don’t even seem to care about.’

Do you want to invest in the future, or do you want to invest in the past - an ageing demographic who will keep voting themselves more free crap till they are dead?

I’d rather invest in the future.

Why should young people work their ass off to subsidise a gerontocracy that receives benefits they will never receive themselves?

It’s not just the gerontocracy either, it’s the entire Property Industrial Complex of Australia, and the fiat monetary system that is the root cause of all of it.

I hate socialism with all my being, because it is against what I value most: hard work, personal responsibility, and freedom.

But can you even blame the young people who want socialism when they see the houses their parent’s own - which they bought working a normal ass job - go up hundreds of thousands of dollars a year whilst they sit around all day doing nothing productive for the economy?

Who would be motivated to work hard in such an environment?

Socialists think money comes from the sky, and in the current system they are basically right.

This is what it comes down to.

They see everyone getting rich except them, they have an intuitive sense that that person didn’t earn it through effort, and they lash out in response:

‘Tax the rich!’

‘If they didn’t earn it, then why should I have to!’

It’s a stone’s throw away from this view to, ‘let’s steal all their shit’ (which is basically how socialism ends - they steal everything, no one produces anything, and you end up with abject poverty).

In the past, rich people got rich because they provided a useful good or service to society.

Now, people get rich because they gamble on real estate, stocks or crypto.

Or they just sit around doing nothing - waiting for central banks to debase the currency further so their assets pump.

Socialists are completely ignorant as to how this is all happening, and they are ignorant of the consequences and how to benefit from it, but they’re also righteously enraged - with the wrong solution.

A system where you’re supposed to go to work everyday with no expectation of future reward you care about is simply slavery.

You work a job you don’t care about, the employer pays you some tokens, the tokens buy you food, but never improve the house you can live in nor own, and so you don’t care.

The tokens are worthless to you.

They have lost their real value.

The government then takes half your money, inflates the other half away, and then redirects the funds they have stolen from you into assets they already own via policies with fancy names that are really just window dressing for the reality of what’s occurring:

Theft and corruption.

They are redistributing your tax dollars to pump the housing market, and then debasing the rest via money printing.

Yet they still expect everyone to maintain the social contract?

The one where you’re supposed to work hard for your employer and maybe get a raise at the end of the year?

You’d have to be a complete moron to still be doing this.

It’s over.

Capitalism only works properly under a hard currency system, else it devolves into the current degenerate cronyism we now see.

Get as much bitcoin as you possibly can, as quickly as you can.

That’s all that matters now.

Fiat currency is going to be debased into oblivion, and it’s going to happen way faster than you think.

Think back to 2019 and how comparatively cheap housing and food was.

Now extrapolate 5 years from today, to 2030.

It’s not going to be a linear extrapolation - it will be exponential.

We are approaching the end of the biggest debt cycle ever assembled in human history.

However extreme you think things can get, you are wrong - it will be even more extreme than you think, both financially and socially.

There is an old African proverb:

The child who is not embraced by the village will burn it down to feel its warmth.

Guess what the children are doing?

They’re burning it down.

All of it.

Through socialism.